EUNN.DE vs. CEMQ.DE
EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) and CEMQ.DE (iShares Edge MSCI Europe Quality Factor UCITS ETF) are both exchange-traded funds - EUNN.DE is a Japan Equities fund tracking the MSCI Japan IMI, while CEMQ.DE is a Europe Equities fund tracking the MSCI Europe Sector Neutral Quality. Both are passively managed. Over the past 10 years, EUNN.DE returned 9.35%/yr vs 8.78%/yr for CEMQ.DE. A 0.64 correlation means they provide meaningful diversification when combined. EUNN.DE charges 0.12%/yr vs 0.25%/yr for CEMQ.DE.
Performance
EUNN.DE vs. CEMQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNN.DE achieves a 16.13% return, which is significantly higher than CEMQ.DE's 6.82% return. Over the past 10 years, EUNN.DE has outperformed CEMQ.DE with an annualized return of 9.35%, while CEMQ.DE has yielded a comparatively lower 8.78% annualized return.
EUNN.DE
- 1D
- 2.38%
- 1M
- 0.76%
- YTD
- 16.13%
- 6M
- 16.84%
- 1Y
- 31.11%
- 3Y*
- 14.25%
- 5Y*
- 9.71%
- 10Y*
- 9.35%
CEMQ.DE
- 1D
- 1.45%
- 1M
- 4.11%
- YTD
- 6.82%
- 6M
- 9.07%
- 1Y
- 9.48%
- 3Y*
- 8.41%
- 5Y*
- 6.17%
- 10Y*
- 8.78%
EUNN.DE vs. CEMQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 16.13% | 13.46% | 12.91% | 15.16% | -11.48% | 9.24% | 4.12% | 22.22% | -10.32% | 10.42% |
CEMQ.DE iShares Edge MSCI Europe Quality Factor UCITS ETF | 6.82% | 10.19% | 3.69% | 14.57% | -11.90% | 26.61% | 1.06% | 32.46% | -7.32% | 10.41% |
Correlation
The correlation between EUNN.DE and CEMQ.DE is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2015 | 0.64 |
The correlation between EUNN.DE and CEMQ.DE has been stable across timeframes, ranging from 0.54 to 0.64 - a consistent structural relationship.
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Return for Risk
EUNN.DE vs. CEMQ.DE — Risk / Return Rank
EUNN.DE
CEMQ.DE
EUNN.DE vs. CEMQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) and iShares Edge MSCI Europe Quality Factor UCITS ETF (CEMQ.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EUNN.DE | CEMQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.14 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 1.13 | +2.11 |
| Martin ratioReturn relative to average drawdown | 10.80 | 3.44 | +7.36 |
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Drawdowns
EUNN.DE vs. CEMQ.DE - Drawdown Comparison
The maximum EUNN.DE drawdown since its inception was -28.56%, smaller than the maximum CEMQ.DE drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for EUNN.DE and CEMQ.DE.
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Drawdown Indicators
| EUNN.DE | CEMQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.56% | -33.76% | +5.20% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -8.38% | -1.20% |
Max Drawdown (3Y)Largest decline over 3 years | -15.81% | -14.96% | -0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -19.41% | -19.65% | +0.24% |
Max Drawdown (10Y)Largest decline over 10 years | -28.56% | -33.76% | +5.20% |
Current DrawdownCurrent decline from peak | -0.62% | -0.08% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -6.86% | -5.35% | -1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 2.70% | +0.17% |
Volatility
EUNN.DE vs. CEMQ.DE - Volatility Comparison
iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) has a higher volatility of 4.18% compared to iShares Edge MSCI Europe Quality Factor UCITS ETF (CEMQ.DE) at 3.75%. This indicates that EUNN.DE's price experiences larger fluctuations and is considered to be riskier than CEMQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNN.DE | CEMQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.18% | 3.75% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 14.90% | 9.71% | +5.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.28% | 12.07% | +6.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.12% | 14.05% | +2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.09% | 15.02% | +1.07% |
EUNN.DE vs. CEMQ.DE - Expense Ratio Comparison
EUNN.DE has a 0.12% expense ratio, which is lower than CEMQ.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EUNN.DE vs. CEMQ.DE - Dividend Comparison
Neither EUNN.DE nor CEMQ.DE has paid dividends to shareholders.
Frequently Asked Questions
EUNN.DE and CEMQ.DE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNN.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNN.DE is cheaper with a 0.12% expense ratio, compared with 0.25% for CEMQ.DE.
EUNN.DE is categorized as Japan Equities, while CEMQ.DE is Europe Equities. EUNN.DE tracks MSCI Japan IMI, while CEMQ.DE tracks MSCI Europe Sector Neutral Quality. Their fees differ too: 0.12% for EUNN.DE and 0.25% for CEMQ.DE.
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